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Casting and Forging-Global Market Insights and Sales Trends 2025
Synopsis
Casting is the process where metal is heated until molten. While in the molten or liquid state it is poured into a mold or vessel to create a desired shape. Forging is the application of thermal and mechanical energy to steel billets or ingots to cause the material to change shape while in a solid state. This report mainly studies casting and forging market.
The global Casting and Forging market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Casting and Forging in various end use industries. The expanding demands from the Automotive, Aerospace, Heavy Machine and Energy Industry, are propelling Casting and Forging market. Casting, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Forging segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Casting and Forging market, driven by demand from China, the second largest economy with some signs of stabilising, the Casting and Forging market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Casting and Forging, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Casting and Forging market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Casting and Forging market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Casting and Forging sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Casting and Forging covered in this report include Precision Castparts Corp, Thyssenkrupp, Arconic, Eramet Group, Avic Heavy Machinery, VSMPO-AVISMA, Allegheny Technologies, NIPPON STEEL and KOBELCO, etc.
The global Casting and Forging market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Precision Castparts Corp
Thyssenkrupp
Arconic
Eramet Group
Avic Heavy Machinery
VSMPO-AVISMA
Allegheny Technologies
NIPPON STEEL
KOBELCO
Aichi Steel
Amsted Rail
Weichai
RYOBI
Doosan Enerbility
Alcoa
Kobe Steel
Mahindra Forgings Europe
Siempelkamp
Bharat Forge Limited
KITZ
Global Casting and Forging market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Casting and Forging market, Segment by Type:
Casting
Forging
Global Casting and Forging market, by Application
Automotive
Aerospace
Heavy Machine
Energy Industry
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Casting and Forging companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Casting is the process where metal is heated until molten. While in the molten or liquid state it is poured into a mold or vessel to create a desired shape. Forging is the application of thermal and mechanical energy to steel billets or ingots to cause the material to change shape while in a solid state. This report mainly studies casting and forging market.
The global Casting and Forging market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Casting and Forging in various end use industries. The expanding demands from the Automotive, Aerospace, Heavy Machine and Energy Industry, are propelling Casting and Forging market. Casting, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Forging segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Casting and Forging market, driven by demand from China, the second largest economy with some signs of stabilising, the Casting and Forging market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Casting and Forging, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Casting and Forging market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Casting and Forging market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Casting and Forging sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Casting and Forging covered in this report include Precision Castparts Corp, Thyssenkrupp, Arconic, Eramet Group, Avic Heavy Machinery, VSMPO-AVISMA, Allegheny Technologies, NIPPON STEEL and KOBELCO, etc.
The global Casting and Forging market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Precision Castparts Corp
Thyssenkrupp
Arconic
Eramet Group
Avic Heavy Machinery
VSMPO-AVISMA
Allegheny Technologies
NIPPON STEEL
KOBELCO
Aichi Steel
Amsted Rail
Weichai
RYOBI
Doosan Enerbility
Alcoa
Kobe Steel
Mahindra Forgings Europe
Siempelkamp
Bharat Forge Limited
KITZ
Global Casting and Forging market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Casting and Forging market, Segment by Type:
Casting
Forging
Global Casting and Forging market, by Application
Automotive
Aerospace
Heavy Machine
Energy Industry
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Casting and Forging companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Casting and Forging
1.1 Casting and Forging Market Overview
1.1.1 Casting and Forging Product Scope
1.1.2 Casting and Forging Market Status and Outlook
1.2 Global Casting and Forging Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Casting and Forging Market Size by Region (2018-2029)
1.4 Global Casting and Forging Historic Market Size by Region (2018-2023)
1.5 Global Casting and Forging Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Casting and Forging Market Size (2018-2029)
1.6.1 North America Casting and Forging Market Size (2018-2029)
1.6.2 Europe Casting and Forging Market Size (2018-2029)
1.6.3 Asia-Pacific Casting and Forging Market Size (2018-2029)
1.6.4 Latin America Casting and Forging Market Size (2018-2029)
1.6.5 Middle East & Africa Casting and Forging Market Size (2018-2029)
2 Casting and Forging Market by Type
2.1 Introduction
2.1.1 Casting
2.1.2 Forging
2.2 Global Casting and Forging Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Casting and Forging Historic Market Size by Type (2018-2023)
2.2.2 Global Casting and Forging Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Casting and Forging Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Casting and Forging Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Casting and Forging Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Casting and Forging Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Casting and Forging Revenue Breakdown by Type (2018-2029)
3 Casting and Forging Market Overview by Application
3.1 Introduction
3.1.1 Automotive
3.1.2 Aerospace
3.1.3 Heavy Machine
3.1.4 Energy Industry
3.1.5 Other
3.2 Global Casting and Forging Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Casting and Forging Historic Market Size by Application (2018-2023)
3.2.2 Global Casting and Forging Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Casting and Forging Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Casting and Forging Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Casting and Forging Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Casting and Forging Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Casting and Forging Revenue Breakdown by Application (2018-2029)
4 Casting and Forging Competition Analysis by Players
4.1 Global Casting and Forging Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Casting and Forging as of 2022)
4.3 Date of Key Players Enter into Casting and Forging Market
4.4 Global Top Players Casting and Forging Headquarters and Area Served
4.5 Key Players Casting and Forging Product Solution and Service
4.6 Competitive Status
4.6.1 Casting and Forging Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Precision Castparts Corp
5.1.1 Precision Castparts Corp Profile
5.1.2 Precision Castparts Corp Main Business
5.1.3 Precision Castparts Corp Casting and Forging Products, Services and Solutions
5.1.4 Precision Castparts Corp Casting and Forging Revenue (US$ Million) & (2018-2023)
5.1.5 Precision Castparts Corp Recent Developments
5.2 Thyssenkrupp
5.2.1 Thyssenkrupp Profile
5.2.2 Thyssenkrupp Main Business
5.2.3 Thyssenkrupp Casting and Forging Products, Services and Solutions
5.2.4 Thyssenkrupp Casting and Forging Revenue (US$ Million) & (2018-2023)
5.2.5 Thyssenkrupp Recent Developments
5.3 Arconic
5.3.1 Arconic Profile
5.3.2 Arconic Main Business
5.3.3 Arconic Casting and Forging Products, Services and Solutions
5.3.4 Arconic Casting and Forging Revenue (US$ Million) & (2018-2023)
5.3.5 Eramet Group Recent Developments
5.4 Eramet Group
5.4.1 Eramet Group Profile
5.4.2 Eramet Group Main Business
5.4.3 Eramet Group Casting and Forging Products, Services and Solutions
5.4.4 Eramet Group Casting and Forging Revenue (US$ Million) & (2018-2023)
5.4.5 Eramet Group Recent Developments
5.5 Avic Heavy Machinery
5.5.1 Avic Heavy Machinery Profile
5.5.2 Avic Heavy Machinery Main Business
5.5.3 Avic Heavy Machinery Casting and Forging Products, Services and Solutions
5.5.4 Avic Heavy Machinery Casting and Forging Revenue (US$ Million) & (2018-2023)
5.5.5 Avic Heavy Machinery Recent Developments
5.6 VSMPO-AVISMA
5.6.1 VSMPO-AVISMA Profile
5.6.2 VSMPO-AVISMA Main Business
5.6.3 VSMPO-AVISMA Casting and Forging Products, Services and Solutions
5.6.4 VSMPO-AVISMA Casting and Forging Revenue (US$ Million) & (2018-2023)
5.6.5 VSMPO-AVISMA Recent Developments
5.7 Allegheny Technologies
5.7.1 Allegheny Technologies Profile
5.7.2 Allegheny Technologies Main Business
5.7.3 Allegheny Technologies Casting and Forging Products, Services and Solutions
5.7.4 Allegheny Technologies Casting and Forging Revenue (US$ Million) & (2018-2023)
5.7.5 Allegheny Technologies Recent Developments
5.8 NIPPON STEEL
5.8.1 NIPPON STEEL Profile
5.8.2 NIPPON STEEL Main Business
5.8.3 NIPPON STEEL Casting and Forging Products, Services and Solutions
5.8.4 NIPPON STEEL Casting and Forging Revenue (US$ Million) & (2018-2023)
5.8.5 NIPPON STEEL Recent Developments
5.9 KOBELCO
5.9.1 KOBELCO Profile
5.9.2 KOBELCO Main Business
5.9.3 KOBELCO Casting and Forging Products, Services and Solutions
5.9.4 KOBELCO Casting and Forging Revenue (US$ Million) & (2018-2023)
5.9.5 KOBELCO Recent Developments
5.10 Aichi Steel
5.10.1 Aichi Steel Profile
5.10.2 Aichi Steel Main Business
5.10.3 Aichi Steel Casting and Forging Products, Services and Solutions
5.10.4 Aichi Steel Casting and Forging Revenue (US$ Million) & (2018-2023)
5.10.5 Aichi Steel Recent Developments
5.11 Amsted Rail
5.11.1 Amsted Rail Profile
5.11.2 Amsted Rail Main Business
5.11.3 Amsted Rail Casting and Forging Products, Services and Solutions
5.11.4 Amsted Rail Casting and Forging Revenue (US$ Million) & (2018-2023)
5.11.5 Amsted Rail Recent Developments
5.12 Weichai
5.12.1 Weichai Profile
5.12.2 Weichai Main Business
5.12.3 Weichai Casting and Forging Products, Services and Solutions
5.12.4 Weichai Casting and Forging Revenue (US$ Million) & (2018-2023)
5.12.5 Weichai Recent Developments
5.13 RYOBI
5.13.1 RYOBI Profile
5.13.2 RYOBI Main Business
5.13.3 RYOBI Casting and Forging Products, Services and Solutions
5.13.4 RYOBI Casting and Forging Revenue (US$ Million) & (2018-2023)
5.13.5 RYOBI Recent Developments
5.14 Doosan Enerbility
5.14.1 Doosan Enerbility Profile
5.14.2 Doosan Enerbility Main Business
5.14.3 Doosan Enerbility Casting and Forging Products, Services and Solutions
5.14.4 Doosan Enerbility Casting and Forging Revenue (US$ Million) & (2018-2023)
5.14.5 Doosan Enerbility Recent Developments
5.15 Alcoa
5.15.1 Alcoa Profile
5.15.2 Alcoa Main Business
5.15.3 Alcoa Casting and Forging Products, Services and Solutions
5.15.4 Alcoa Casting and Forging Revenue (US$ Million) & (2018-2023)
5.15.5 Alcoa Recent Developments
5.16 Kobe Steel
5.16.1 Kobe Steel Profile
5.16.2 Kobe Steel Main Business
5.16.3 Kobe Steel Casting and Forging Products, Services and Solutions
5.16.4 Kobe Steel Casting and Forging Revenue (US$ Million) & (2018-2023)
5.16.5 Kobe Steel Recent Developments
5.17 Mahindra Forgings Europe
5.17.1 Mahindra Forgings Europe Profile
5.17.2 Mahindra Forgings Europe Main Business
5.17.3 Mahindra Forgings Europe Casting and Forging Products, Services and Solutions
5.17.4 Mahindra Forgings Europe Casting and Forging Revenue (US$ Million) & (2018-2023)
5.17.5 Mahindra Forgings Europe Recent Developments
5.18 Siempelkamp
5.18.1 Siempelkamp Profile
5.18.2 Siempelkamp Main Business
5.18.3 Siempelkamp Casting and Forging Products, Services and Solutions
5.18.4 Siempelkamp Casting and Forging Revenue (US$ Million) & (2018-2023)
5.18.5 Siempelkamp Recent Developments
5.19 Bharat Forge Limited
5.19.1 Bharat Forge Limited Profile
5.19.2 Bharat Forge Limited Main Business
5.19.3 Bharat Forge Limited Casting and Forging Products, Services and Solutions
5.19.4 Bharat Forge Limited Casting and Forging Revenue (US$ Million) & (2018-2023)
5.19.5 Bharat Forge Limited Recent Developments
5.20 KITZ
5.20.1 KITZ Profile
5.20.2 KITZ Main Business
5.20.3 KITZ Casting and Forging Products, Services and Solutions
5.20.4 KITZ Casting and Forging Revenue (US$ Million) & (2018-2023)
5.20.5 KITZ Recent Developments
6 North America
6.1 North America Casting and Forging Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Casting and Forging Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Casting and Forging Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Casting and Forging Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Casting and Forging Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Casting and Forging Market Dynamics
11.1 Casting and Forging Industry Trends
11.2 Casting and Forging Market Drivers
11.3 Casting and Forging Market Challenges
11.4 Casting and Forging Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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